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Judy's Boutique just paid an annual dividend of $3.31 on its common stock. The firm increases its dividend by 3.75% annually. The current stock price

Judy's Boutique just paid an annual dividend of $3.31 on its common stock. The firm increases its dividend by 3.75% annually. The current stock price is $42.28/share.

What is the company's cost of equity?

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